Hall Capital Management Co. Inc. Maintains Stake in Intel Corporation (INTC)
Hall Capital Management Co. Inc. continued to hold its position in Intel Corporation (NASDAQ:INTC) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,538 shares of the chip maker’s stock at the end of the second quarter. Hall Capital Management Co. Inc.’s holdings in Intel were worth $693,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in INTC. Watermark Asset Management Inc. acquired a new stake in shares of Intel in the 1st quarter valued at approximately $113,000. Acrospire Investment Management LLC lifted its holdings in shares of Intel by 111.8% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock valued at $121,000 after buying an additional 1,900 shares during the period. Vigilant Capital Management LLC lifted its holdings in shares of Intel by 22.6% in the 1st quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock valued at $158,000 after buying an additional 805 shares during the period. Winfield Associates Inc. lifted its holdings in shares of Intel by 6.0% in the 2nd quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock valued at $156,000 after buying an additional 265 shares during the period. Finally, Farmers National Bank lifted its holdings in shares of Intel by 5.1% in the 1st quarter. Farmers National Bank now owns 4,842 shares of the chip maker’s stock valued at $183,000 after buying an additional 234 shares during the period. Hedge funds and other institutional investors own 67.69% of the company’s stock.
In related news, CEO Brian M. Krzanich sold 61,860 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $38.74, for a total value of $2,396,456.40. Following the transaction, the chief executive officer now owns 543,948 shares in the company, valued at $21,072,545.52. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Brian M. Krzanich sold 889,878 shares of the business’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $44.19, for a total value of $39,323,708.82. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,548,914 shares of company stock worth $68,196,589. Insiders own 0.08% of the company’s stock.
INTC has been the subject of several research reports. Argus reaffirmed a “buy” rating and set a $45.00 price objective on shares of Intel in a report on Wednesday, August 23rd. Zacks Investment Research raised Intel from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Thursday, August 17th. Loop Capital reaffirmed a “buy” rating and set a $45.00 price objective on shares of Intel in a report on Tuesday, August 22nd. ValuEngine raised Intel from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Vetr cut Intel from a “strong-buy” rating to a “buy” rating and set a $42.80 price objective for the company. in a report on Tuesday, October 3rd. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Intel presently has an average rating of “Buy” and a consensus price target of $43.68.
Shares of Intel Corporation (INTC) opened at $43.35 on Monday. Intel Corporation has a 1 year low of $33.23 and a 1 year high of $47.30. The company has a quick ratio of 1.27, a current ratio of 1.60 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $202,880.00, a PE ratio of 13.63, a PEG ratio of 1.58 and a beta of 1.06.
Intel (NASDAQ:INTC) last issued its earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.21. Intel had a return on equity of 22.65% and a net margin of 22.31%. The company had revenue of $16.15 billion during the quarter, compared to the consensus estimate of $15.73 billion. During the same quarter in the prior year, the business earned $0.80 earnings per share. The company’s revenue was up 2.4% compared to the same quarter last year. research analysts expect that Intel Corporation will post 3.25 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Tuesday, November 7th were paid a $0.2725 dividend. This represents a $1.09 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend was Monday, November 6th. Intel’s dividend payout ratio (DPR) is 38.25%.
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Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).
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